Insurance

‘Despite covid, average health insurance premium remained unchanged’

The health insurance price index remains unchanged since Jan 2021, according to a PolicyX.com report.

by Team Cafemutual Jan 17, 2022

Insurance is now Rs. 49 lakh crore industry in India

IRDAI data shows steep rise in AUM of insurers in FY 2020-2021. Over 90% of the industry AUM belongs to life insurers.

by Abhishek Kumar Jan 15, 2022

Banks, brokers receive highest number of mis-selling complaints

Direct sales and individual agents receive least number of mis-selling complaints, show IRDAI data.

by Abhishek Kumar Jan 14, 2022

Individual agents dominate life insurance distribution business

LIC gets 94% business through agents; banks dominate sales of private life insurers.

by Abhishek Kumar Jan 12, 2022

Hero MotoCorp may sell LIC policies through its showrooms and service centres

LIC has tied up with Hero Insurance Broking as their agent to distribute LIC policies.

by Team Cafemutual Jan 11, 2022

New India Assurance largest general insurer, ICICI Lombard biggest private player

Star Health leads in the standalone health insurance space with Rs.9,400 crore as gross premium collection in FY 2020-2021, shows IRDAI data.

by Abhishek Kumar Jan 10, 2022

LIC has 64% share in life insurance premium, SBI Life and HDFC Life biggest private players

LIC collected a total of Rs. 4 lakh crore as life insurance premium in FY 2020-2021, second-ranked SBI Life received Rs. 50,254 crore.

by Abhishek Kumar Jan 10, 2022

LIC India installs digital kiosks at offices to improve productivity of agents

Your clients can buy new policies and renew their existing policies through LIC Digi Zone.

by Team Cafemutual Jan 7, 2022

Despite covid, Indian insurance industry advances in 2020

Although marginal, the insurance industry sees growth in premium collection and witnesses higher penetration.

by Abhishek Kumar Jan 7, 2022

Insurers put a cap on the reward payment of agents

Many insurance companies have set well-defined and transparent criteria for payment of rewards to their agents.

by Nishant Patnaik Jan 7, 2022

HDFC Life completes acquisition of Exide Life, merger to happen soon

The deal was first announced in September 2021 when HDFC Life said it is acquiring Exide Life for Rs. 6,687 crore.

by Team Cafemutual Jan 4, 2022

Here is how your insurer has performed in terms of settling claims during Covid times

Max Life, Aegon and Bharti Axa were the top three companies in terms of claim settlement ratio in FY 2020-21.

by Nishant Patnaik Jan 4, 2022

Life insurance industry has 25 lakh agents

Overall, the industry has added over 1 lakh new agents in one year.

by Ayushi Gautam Jan 1, 2022

‘3 out of 10 insurance agents work with standalone health insurers’

Of the total 24.55 lakh life insurance agents, 7.72 lakh agents have tied up with standalone health insurers.

by Abhishek Kumar Dec 3, 2021

Star Health valued at Rs.50,000 crore, IPO to open on November 30

The insurer has set a price band of Rs.870-900 per share.

by Team Cafemutual Nov 26, 2021

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